The Monthly Review

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Página 287With respect to the supposed power of the Bank — a much-agitated point, by the
way — of regulating the whole circulation of the country, the following
explanation was given by Mr. Palmer : ' A member of the committee here asked
the witness ...

Página 289And if the banker sells securities to draw on the bank for cash, and the bank sells
securities to provide him with it, the effect of such action is often commercial
distress and difficulty. The exchequer bills are the most easily realized of all the
kinds ...

Página 294which, if it were accessary to limit or reject (and so it would be, if they were
allowed to regulate the issues of the bank) the greatest commercial difficulty
would ensue. It is in such times, then, that the functions of the bank, as a bank of ...